American Strategic Insurance: Homeowners Insurance | SelectQuote (2024)

FAQs

Who is the number 1 home insurance company in America? ›

State Farm is the largest provider of homeowners insurance in the U.S., with $19.7 billion in direct premiums written in 2020.

Living in a high-risk location, having hazardous home features, home maintenance issues, your home's history of insurance claims, and more can be reasons an insurance company may determine a house to be uninsurable.

The ASI group's parent company is ARX Holding Corp., which the Progressive Corporation owns. ASI also proudly holds a rating of A+ (Superior) from A.M. Best Co., the leading independent rating organization for insurance companies.

Called a comprehensive policy, an HO-5 policy offers the highest level of insurance coverage for houses and belongings. It covers your house and belongings under all circ*mstances except those listed as exclusions in the policy. The exclusions for HO-5 policies are the same as those under an HO-3.

Admitting Fault, Even Partial Fault.

Avoid any language that could be construed as apologetic or blameful.

If your insurer nonrenewed or cancelled your policy because your house needs repairs or you filed too many claims, you may have difficulty finding an insurance company willing to insure your home.

American Strategic Insurance (ASI) provides moderate- to high-priced homeowners insurance policies and receives poor marks for coverage options and customer service. However, it has a strong financial backing as a majority-owned subsidiary of Progressive Insurance, making it a stable, if somewhat overpriced, option.

Your Umbrella Liability policy from ASI works to give you additional protection when damages exceed the liability coverage of your standard policies. It also offers extra security for many situations that may not be included in your basic insurance.

What is the richest insurance company in the United States? ›

Berkshire Hathaway was the largest insurance company in the United States in 2022, with total assets amounting to almost 950 billion U.S. dollars. Prudential Financial and Metlife secured second and third place, respectively.

Travelers is the most expensive homeowners insurance company for $200,000, $350,000, $500,000 and $750,000 dwelling coverage amounts. Rates vary significantly among companies because they each have their own formulas for pricing. That means it's vital to comparison shop homeowners insurance quotes when buying a policy.

HO-5 (comprehensive form)

The HO-5 policy offers more protection than any other type of homeowners insurance.

1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.

The most common type of homeowners insurance policy is the standard HO-3 policy. HO-5 policies offer the broadest coverage of all policy types. Open peril coverage means losses are covered unless specifically excluded, while named peril coverage means only named loss types are covered.